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Monday, August 20, 2012 2:33:02 PM
http://www.plastic2oil.com/site/news-releases-master/2012/05/15/jbi-inc-announces-10-million-financing-successful-independent-engineering-review-of-p2o-technology-by-saic-and-management-and-governance-changes
JBI, Inc. Announces $10 Million Financing, Successful Independent Engineering Review of P2O Technology by SAIC and Management and Governance Changes
Posted May 15th, 2012 in 2012 News Releases
THOROLD, Ontario, May 15, 2012 (GLOBE NEWSWIRE) – JBI, Inc. (the "Company") (OTCQB:JBII) is pleased to announce the following:
• Investment of $10 million in equity capital
• Successful independent review of its Plastic2Oil® (“P2O®”) technology by SAIC
• John Bordynuik to become Chief of Technology (“CTO”)
• Senior Rock-Tenn Company (“RockTenn”) executive Kevin Rauber to join the Company as CEO and President
• Transition to governance practices consistent with other leading companies
Any Idea what the "O" in CTO stands for?
You see the word "officer" or "executive" anywhere in his title? No? Me either.
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